ITC Holdings (ITC) : During the past 4 weeks, traders have been relatively bearish on ITC Holdings (ITC), hence the stock is down -3.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.45% relative to the S&P 500. The 4-week change in the price of the stock is -1.15% and the stock has fallen -0.02% in the past 1 week.
ITC Holdings (NYSE:ITC): The stock opened at $46.61 on Friday but the bulls could not build on the opening and the stock topped out at $46.61 for the day. The stock traded down to $46.24 during the day, due to lack of any buying support eventually closed down at $46.24 with a loss of -0.79% for the day. The stock had closed at $46.61 on the previous day. The total traded volume was 376,015 shares.
The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 0.7%. ITC Holdings Corp. is up 5.15% in the last 3-month period. Year-to-Date the stock performance stands at 18.85%.
ITC Holdings (ITC) stock is expected to deviate a maximum of $5.26 from the average target price of $41.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $37.
ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.